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Databricks Raises $250M For Its Data Processing And Ai Platforms

by venturebeat.com posted 1week ago 8 views
Data processing company Databricks today announced the close of a $250 million funding round that raises its valuation to $2.75 billion. The round was led by Andreessen Horowitz, with participation from Microsoft, New Enterprise Associates (NEA), Battery Ventures, and Geodesic. Databricks was founded by the creators of Apache Spark, an open source framework for distributed computation across multiple machines used in many deep learning projects today. The group of data and machine learning researchers first met at UC Berkeley.